GE Capital partners PSA Peugot Citroen in electric cars deal

GE Capital has signed an agreement with PSA Peugeot Citroen that will see the fleet provider purchase up to 1,000 electric cars to offer employers at a pan-European level.

The agreement would see GE Capital lease electric cars across Belgium, France, Germany, Italy, Netherlands, Sweden, Portugal, Spain, Switzerland and the UK.

In July 2011, GE Capital announced the first European supply of Citroen C-Zero cars to technology giant, 3M.

The partnership with PSA Peugeot Citroen furthers GE Capital’s commitment, made in November 2010, to purchase 25,000 electric cars globally by the year 2015.

Isabel Fernandez, chief communications officer at GE Capital, Europe Middle East and Africa (EMEA), said: “Among fleet managers we have seen a growing demand for our assistance in reducing their total cost of ownership and in meeting environmental commitments.”

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